Best Buy shares jumped 14.1% in premarket trading after the retailer reported fourth-quarter adjusted earnings per share of $2.61, beating analyst estimates by $0.14. The company's revenue of $13.81 billion fell short of consensus expectations at $13.91 billion, declining 1% year-over-year. Comparable sales decreased 0.8% for the quarter.

Despite missing revenue targets, Best Buy's domestic segment generated $12.58 billion in revenue, with growth in computing and mobile phones partially offsetting declines in home theater and appliances. The company's gross profit rate remained stable at 20.9%, supported by growth in Best Buy Ads and Marketplace. CEO Corie Barry noted that market share remained flat despite softer holiday demand.

For fiscal 2027, Best Buy issued guidance for adjusted EPS of $6.30 to $6.60, below analyst consensus, and revenue guidance of $41.2 billion to $42.1 billion. The company also approved a 1% dividend increase to $0.96 per share, payable April 14, 2026. First-quarter guidance calls for 1% comparable sales growth and a 3.9% operating income rate.